Monday, March 1, 2010

Markets still seem a little overbought

My last market update was that they seemed overbought.  Although the short-term extremism (if that is a word) is not as severe, it continues to be so.  I am still probing and taking positions that would benefit myself if the market would drift to the downside.  The short-term support for the DIA would be somewhere around 99 and 100.  For the USO, it is around 35.

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